What is the definition of an "Onerous contract?" A present obligation of the entity, arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits A program that is planned and controlled by management and materially changes either the scope of a business undertaken by an entity, or the manner in which that business is conducted A contract in which neither party to the contract has performed any of its obligations or both parties have partially performed their obligations to an equal extent. A contract in which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it